1. Which initiative was recently introduced under Khyber Pakhtunkhwa’s Sehat Card Plus scheme?
A) Free medical check-ups for students
B) Inclusion of life insurance
C) Expansion of mental health services
D) Health subsidies for senior citizens

Answer: B) Inclusion of life insurance
Explanation: The KP government recently included a life insurance scheme as part of the Sehat Card Plus program, enhancing the scope of healthcare benefits for residents.

2. What event led to clashes between government employees and authorities in KP and Islamabad?
A) Demand for increased salaries
B) Protest against pension reforms
C) Call for regularization of contract employees
D) Opposition to new tax laws

Answer: B) Protest against pension reforms
Explanation: Government employees staged protests in KP and Islamabad, demanding the withdrawal of pension reforms, which led to clashes involving tear gas and baton charges.

3. Which European companies are planning to create the largest asset management firm?
A) Generali and BPCE
B) Natixis and Schwab
C) BPCE and Vanguard
D) Generali and Allianz

Answer: A) Generali and BPCE
Explanation: Generali and BPCE are collaborating to establish the largest European asset management firm, aiming to strengthen their global market presence.

4. What recent development has taken place regarding Pakistan’s inheritance legal framework?
A) Introduction of digital inheritance certificates
B) Establishment of special inheritance courts in KP
C) Nationwide removal of inheritance tax
D) Mandatory registration of wills

Answer: B) Establishment of special inheritance courts in KP
Explanation: Khyber Pakhtunkhwa has proposed the establishment of special inheritance courts to streamline the resolution of inheritance disputes.

5. Which sector has Warren Buffett highlighted as a potential area of poor financial habits?
A) Overspending on luxury items
B) Mismanagement of retirement funds
C) Neglecting savings for emergencies
D) Both B and C

Answer: D) Both B and C
Explanation: Warren Buffett has emphasized the risks of mismanaging retirement funds and neglecting savings for emergencies, stressing the importance of financial prudence.

6. What key provision did the UK recently report record tax receipts from?
A) Capital gains tax
B) Inheritance tax
C) Value-added tax (VAT)
D) Corporate tax

Answer: B) Inheritance tax
Explanation: The UK reported record inheritance tax receipts of £6.3 billion due to frozen tax thresholds, making it a significant revenue source.

7. What innovative budgeting trend has gained popularity among Gen Z?
A) The 50/30/20 rule
B) Low-buy challenges
C) Minimalist investment strategy
D) Envelope budgeting

Answer: B) Low-buy challenges
Explanation: Low-buy challenges encourage reducing non-essential expenses to save money and improve mental health, resonating with Gen Z’s financial habits.

8. How is cryptocurrency influencing global retirement funds?
A) By increasing transaction costs
B) By being included as an investment option
C) By replacing traditional stocks
D) By introducing new pension laws

Answer: B) By being included as an investment option
Explanation: Cryptocurrencies like Bitcoin are being considered for inclusion in retirement funds, offering potential high returns despite associated risks.

9. What recent addition to KP’s insurance initiatives reflects government efforts to expand financial security?
A) Health insurance for pets
B) Inclusion of life insurance in Sehat Card Plus
C) Special maternity coverage
D) Long-term disability insurance

Answer: B) Inclusion of life insurance in Sehat Card Plus
Explanation: KP’s Sehat Card Plus now includes life insurance, aiming to provide comprehensive financial security to beneficiaries.

10. What recent global ranking involved public pension wealth?
A) Countries with the highest public pension deficits
B) Countries with the largest public pension funds
C) Countries with the highest pension contribution rates
D) Countries with the best retirement plans

Answer: B) Countries with the largest public pension funds
Explanation: Recent studies highlighted the countries with the largest public pension funds, reflecting their commitment to financial security for retirees.

11. What action did KP employees demand during their recent protests?
A) Establishment of a minimum wage
B) Withdrawal of pension reforms
C) Privatization of pension funds
D) Introduction of universal healthcare

Answer: B) Withdrawal of pension reforms
Explanation: Protesting employees in KP demanded the withdrawal of pension reforms, which they argued would negatively impact their financial security.

12. Which sector has Generali and BPCE targeted in their partnership?
A) Real estate
B) Asset management
C) Cryptocurrency
D) Insurance

Answer: B) Asset management
Explanation: Generali and BPCE aim to create Europe’s largest asset management firm to enhance their global competitiveness.

13. What financial advice did experts recently emphasize for natural disaster preparedness?
A) Invest heavily in real estate
B) Organize and secure financial documents
C) Withdraw all savings
D) Avoid insurance policies

Answer: B) Organize and secure financial documents
Explanation: Experts highlighted the importance of organizing and safeguarding financial documents to prepare for potential natural disasters.

14. What is the primary objective of KP’s inclusion of life insurance in the Sehat Card Plus scheme?
A) Reduce healthcare costs for the wealthy
B) Provide comprehensive financial security
C) Increase employment in the insurance sector
D) Encourage foreign investment

Answer: B) Provide comprehensive financial security
Explanation: The inclusion of life insurance in the Sehat Card Plus scheme reflects the government’s effort to offer broader financial coverage for families.

15. What is the focus of the UK’s recent record inheritance tax receipts?
A) Pension wealth reforms
B) Increased real estate valuation
C) Tax threshold freezes
D) Digital inheritance tracking

Answer: C) Tax threshold freezes
Explanation: The UK’s inheritance tax receipts reached record levels due to frozen tax thresholds, which increased the tax burden on estates.

16. What recent trend in budgeting has gained popularity for its simplicity?
A) Cryptocurrency-based savings
B) The 50/30/20 budgeting rule
C) Dynamic expense modeling
D) Blockchain-based expense tracking

Answer: B) The 50/30/20 budgeting rule
Explanation: The 50/30/20 rule, which allocates income into needs, wants, and savings, is gaining traction for its straightforward approach to budgeting.

17. How did Warren Buffett advise against poor money habits?
A) By emphasizing early investments in volatile stocks
B) By avoiding unnecessary debts and overspending
C) By recommending frequent changes in financial strategies
D) By focusing solely on short-term gains

Answer: B) By avoiding unnecessary debts and overspending
Explanation: Buffett advocates financial discipline, emphasizing the dangers of debt and the importance of living within one’s means.

18. What recent development in KP aims to address inheritance disputes?
A) Digital property records
B) Special inheritance courts
C) Mandatory mediation
D) Reduced inheritance taxes

Answer: B) Special inheritance courts
Explanation: KP announced the establishment of special inheritance courts to expedite and simplify the resolution of inheritance disputes.

19. Which major decision was announced regarding public pensions in Japan?
A) Increasing retirement age
B) Expanding coverage for part-time workers
C) Privatizing pension management
D) Reducing contributions

Answer: B) Expanding coverage for part-time workers
Explanation: Japan plans to include more part-time workers in its public pension program to provide wider financial security.

20. Which recent financial trend is being promoted to handle rising expenses?
A) No-spend resolutions
B) Luxury-based budgeting
C) Frequent refinancing
D) Cryptocurrency trading

Answer: A) No-spend resolutions
Explanation: No-spend resolutions are gaining popularity as a strategy to save money by cutting down on unnecessary purchases.